Gold has moved higher as the market positions itself for a raft of U.S. economic data that could give hints as to the size and scope of a September interest-rate cut.
Markets kicked off the week on a positive note, gaining over half a percent, driven by a dovish stance from the US Fed. Mirroring other global markets, the Nifty opened strong and moved closer to its record high in the early hours.
Gold held near record highs on Monday, buoyed by a softer dollar and dovish remarks from the U.S. Federal Reserve Chair Jerome Powell bolstering expectations of a September interest rate cut.
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